Family Business Legacy Act of 2018
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 10, 2018)
Family Business Legacy Act of 2018
This bill amends the Internal Revenue Code, with respect to the estate tax, to allow the value of the taxable estate to be determined by deducting from the value of the gross estate the amount of all bequests, devises, or transfers to or for the use of certain tax-exempt organizations. The deduction allowed by this bill for any transfer may not exceed the value of the transferred property required to be included in the gross estate.
What just happenedJul 10, 2018
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseJul 10, 2018
- Jul 10, 2018IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jul 10, 2018IntroReferralIntro-H
Introduced in House
- Jul 10, 2018IntroReferral1000
Introduced in House